You can still renew at GoDaddy for regular renewal fee for 18 days after expiry, when the domain is taken out of your account. You can still renew for up to 45 days after expiry if you pay their $60+renewal fee.
I think you can not only renew it at the regular price but usually you can renew it for a lower price at this point of the domain lifecycle.
I have written once about some easy tricks concerning GoDaddy domain name registration and renewal here.